ITM 350 Chapter Notes - Chapter 1: Smart Card, Buy Side, Personal Information Protection And Electronic Documents Act
23 Jan 2013
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Document Summary
Trading exchange is an online marketplace, usually on a website that enables suppliers. & customers to carry out their business electronically often using auctioning techniques: sears is an example of a company transitioning from bricks to clicks which means a company existing in the real world now offers ebusiness as well. Small businesses also enter into ebusiness and sometimes for marketing & selling products to customers or take part in b2b activities. Electronic data interchange (edi) is a structured way of creating electronic forms that can be transmitted between trading partners to execute business transactions without the need to generate any paper. Ebusiness means any form of business activities performed in electronic form, it has existed even before internet existed: ebusiness is the strategic use of technology, particularly the internet to integrate. & streamline the business processes, enterprise applications & organizational structure necessary to create a high-performance business model.
